11
Nov

Wrap – Week Ended 11/10/17

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The ZLT was up 3.3% last week, is up 14.5% in the last 3 months, and is down 12.3% on the year; best levels since mid May. 

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6 Responses to “Wrap – Week Ended 11/10/17”

  1. 1
    501xx Says:

    Middle East heats up more http://www.newsweek.com/saudi-arabia-ally-bahrain-iran-terrorism-behind-explosion-oil-pipeline-708931

  2. 2
    zman Says:

    The ZEB Positions page is updated

    http://zmansenergybrain.com/subscriber-data/holdings-wiki/

     

  3. 3
    zman Says:

    Interesting resilience in the group in the face of profit taking opportunities.  Feels like new money coming in. 

  4. 4
    zman Says:

    Here, going through post quarter cheat sheet and group updates, shout if you need something, group greening at the first chance off the morning dip. 

  5. 5
    zman Says:

    MTDR attempting new all time high this week, see weekly and monthly charts. 

  6. 6
    RB Says:

    Bruce Fraser teaches technical analysis at Golden Gate Univ. in San Francisco.  Specifically, he teaches the Wycoff method of charting, which in laymans terms seeks to profit from powerful trend changes.  He wrote in his blog this past week very bullish long-term views on WTI.  He publishes that blog for stockcharts.com.

    He had two Point and Figure counts.  One with a price objective of $63.  The other over $90.

    My take is that oil should trend for a while and command a higher average price than people think.  Especially the guys that publish oil price targets for Firms.  They are too low

     

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